Mobileye Global Inc. (NASDAQ:MBLY) Receives $18.32 Consensus PT from Analysts

Shares of Mobileye Global Inc. (NASDAQ:MBLY) have been assigned an average recommendation of “Hold” from the twenty-one ratings firms that are presently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and nine have assigned a buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $18.3158.

A number of research firms recently weighed in on MBLY. Tigress Financial boosted their target price on Mobileye Global from $22.00 to $25.00 and gave the stock a “buy” rating in a report on Thursday, October 30th. Deutsche Bank Aktiengesellschaft raised shares of Mobileye Global from a “hold” rating to a “buy” rating and set a $19.00 price objective on the stock in a research report on Monday, October 6th. Bank of America reduced their target price on shares of Mobileye Global from $18.00 to $16.00 and set a “neutral” rating for the company in a report on Wednesday, September 10th. Mizuho decreased their price target on shares of Mobileye Global from $17.00 to $15.00 and set a “neutral” rating on the stock in a research note on Friday, October 24th. Finally, Zacks Research cut shares of Mobileye Global from a “strong-buy” rating to a “hold” rating in a report on Monday, November 10th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. MAI Capital Management increased its position in Mobileye Global by 22.2% during the 3rd quarter. MAI Capital Management now owns 4,400 shares of the company’s stock worth $62,000 after buying an additional 800 shares during the period. Sei Investments Co. increased its position in Mobileye Global by 2.5% during the second quarter. Sei Investments Co. now owns 45,080 shares of the company’s stock worth $811,000 after acquiring an additional 1,090 shares during the period. Cresset Asset Management LLC raised its stake in Mobileye Global by 6.3% in the 3rd quarter. Cresset Asset Management LLC now owns 18,819 shares of the company’s stock worth $266,000 after purchasing an additional 1,110 shares in the last quarter. Country Club Bank boosted its holdings in Mobileye Global by 0.8% in the 3rd quarter. Country Club Bank now owns 144,803 shares of the company’s stock valued at $2,048,000 after purchasing an additional 1,188 shares during the period. Finally, Perigon Wealth Management LLC grew its position in shares of Mobileye Global by 5.7% during the 3rd quarter. Perigon Wealth Management LLC now owns 22,164 shares of the company’s stock worth $313,000 after purchasing an additional 1,205 shares in the last quarter. 13.25% of the stock is owned by institutional investors and hedge funds.

Mobileye Global Stock Performance

Shares of NASDAQ:MBLY opened at $10.17 on Friday. Mobileye Global has a 52-week low of $10.04 and a 52-week high of $22.51. The company has a market capitalization of $8.27 billion, a P/E ratio of -24.20, a price-to-earnings-growth ratio of 4.40 and a beta of 0.54. The company has a 50-day simple moving average of $12.08 and a 200 day simple moving average of $14.10.

Mobileye Global (NASDAQ:MBLY) last announced its quarterly earnings results on Thursday, October 23rd. The company reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.01. Mobileye Global had a positive return on equity of 0.68% and a negative net margin of 17.34%.The firm had revenue of $504.00 million for the quarter, compared to the consensus estimate of $479.93 million. During the same quarter in the previous year, the business earned $0.10 earnings per share. The business’s revenue was up 3.7% compared to the same quarter last year. As a group, equities analysts forecast that Mobileye Global will post 0.01 earnings per share for the current year.

Mobileye Global Company Profile

Mobileye Global Inc (NASDAQ: MBLY) is a leader in the development of advanced driver-assistance systems (ADAS) and autonomous driving technologies. Headquartered in Jerusalem, Israel, the company designs and supplies computer vision-based solutions that enable vehicles to detect and respond to road conditions, obstacles and signage. Mobileye’s core offering centers on its proprietary EyeQ system-on-a-chip (SoC) family, which processes video streams from automotive cameras to deliver features such as lane-keeping assist, adaptive cruise control, collision prevention and traffic sign recognition.

Founded in 1999 by Prof.